Tag: securities

Oct 23 2022

CFTC Says Over 20% Of Cases It Handled This Year Involved Crypto

The CFTC (Commodity Futures Trading Commission) and the Securities Exchange Commission (SEC) are two regulating offices in U.S. that have been the subjects of a number of debates as to who should have oversight on the crypto market and the illicit activities that involve cryptocurrencies. It is public knowledge that the SEC wants nothing less than full control in policing virtual assets such...

Oct 04 2022

Peter Schiff Embarrasses Himself Discussing Kim Kardashian, Accuses M. Saylor

This might be Peter Schiff’s weirdest take, and the man’s got a few. While commenting on Kim Kardashian's recent deal with the SEC, the gold bug fired at “the real pumpers”… Michael Saylor? and… CNBC? Did Peter Schiff and his team even do basic research about Kim Kardashian's case? Or is he playing dumb, attacking his perceived enemies, and muddying the waters? For...

Sep 30 2022

Ripple Bags Crucial Win In SEC Case; XRP Soars 15% After The Decision

Ripple chief executive officer, Brad Garlinghouse, stated in July that the crypto company will relocate if it loses its legal dispute with the U.S. Securities and Exchange Commission. Well, it looks like Garlinghouse will just have to stay put and not go anywhere. Ripple has just won a major victory against the SEC in court. On Friday, New York judge Analisa Torres decided...

Sep 23 2022

Why Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto – Ep. 399

Pat Toomey, U.S. Senator for Pennsylvania, talks about legislation in the crypto industry, how to determine if something is a security, the future of CBDCs, and much more. Show highlights: the structural differences between crypto tokens and securities why Sen. Toomey is demanding crypto legislation why “regulation by enforcement” does not provide clarity how to determine if a token...

Sep 16 2022

Why SEC Chair Gary Gensler Was Grilled During Senate Crypto Inquiry

Sep 16 2022 Published at Bitcoinist.com under tags  cftc crypto crypto news gary gensler sbc

On Thursday, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler spoke before the Senate Banking Committee to defend the agency's stance on cryptocurrencies and its efforts to include climate risks in public company reports. Pennsylvania Senator Pat Toomey has criticized the SEC for its lack of a crypto regulatory framework. calling out Gensler for failing to recognize that cryptocurrencies are distinct from...

Aug 30 2022

FBI warns about cybercriminals using DeFi as a target

The enforcement agency (FBI) highlighted smart contracts managing DeFi systems as a specific source of worry. In light of the $1.6 billion in exploits planned for 2022 against decentralized finance (DeFi) networks, the US Federal Bureau of Investigation (FBI) has issued a new warning to investors in these platforms. In a public service notice posted […] The post...

Aug 24 2022

Large Securities Companies in South Korea Plan to Launch a Crypto Exchange in H1 2023

Some of the largest securities firms in South Korea are on schedule to launch a virtual asset exchange in H1 2023, led by the Financial Investment Association. According to local news, the financial firms have applied for a government approval to initiate the exchanges.

An official from one of the securities companies said, "The discussions necessary for the establishment are currently being finalized internally.

...

Aug 17 2022

SEC Vs. Dragon – Dragonchain Gets Sued For $16.5 Million ‘Unregistered’ Token ICO

The U.S. Securities and Exchange Commission announced charges against organizations associated with Dragonchain as well as its chief architect John Joseph Roets for allegedly generating $16.5 million through "unregistered crypto asset" securities offerings. The court petition accuses the defendants of breaching the Securities Act of 1933 by amassing millions of dollars in 2017 through the sale of Dragon (DRGN) tokens in an initial...

Aug 05 2022

Binance Is Not A Registered Corporation, Philippines’ SEC Warns

Aug 05 2022 Published at Bitcoinist.com under tags  binance bitcoin btcusd crypto ethbtc

Binance is again in the spotlight after it caught the attention of regulators - this time, from the Philippines’ Securities and Exchange Commission - who cautioned against investing with the global exchange. The warning was included in a letter sent to the SEC by Infrawatch PH, a public policy research organization aiming to have the crypto exchange blacklisted as an "unregistered" entity. Infrawatch...

Jul 22 2022

Coinbase denies listing securities, says SEC should provide regulatory framework

Jul 22 2022 Published at CryptoSlate under tags  amp cftc coinbase crypto regulation ddx

Coinbase has strongly denied that it listed securities on its platform, according to a July 21 blog post by Paul Grewal, the firm's Chief Legal Officer. 1/ Coinbase doesn’t list securities. Period....

Jul 08 2022

Solana Labs Sued By SOL Investor For Allegedly Making Illegal Profits

A Solana investor has filed a class action lawsuit against major stakeholders in the Solana network for allegedly benefitting off SOL, the native coin of the blockchain which, according to the claim, is an unregulated security. The filing was made in California by legal counsels representing a homeowner. Based on the specifics of the complaint, it was filed early this month with Mark...

Jun 10 2022

The Lummis/Gillibrand Crypto Bill: Is the ‘Ancillary Token’ Approach the Best Way? – Ep. 361

Lewis Cohen, lead attorney at DLx Law LLC, joins to discuss the recently proposed Lummis-Gillibrand bill, the Responsible Financial Innovation Act, which he helped shape. In this episode, we cover: how Lewis was impressed by Gillibrand’s and Lummis’s offices’ hard work and bipartisanship...

Apr 30 2022

The History And Future Of Financial Planning On A Bitcoin Standard

Bitcoin flips the financial planning paradigm on its head by creating an alternative means of securely and safely storing value in a currency.Recently on an episode of the “Orange Pill Addicts” podcast, I was talking to a financial advisor and asked the question, “What did the role of a financial planner look like pre-1971?”...

Apr 13 2022

Bitcoin-Backed Mortgages And Pristine Collateral Discussed At Bitcoin 2022

Bitcoin as an asset is a perfect form of collateral and will likely be used to provide financial backing for mortgages and other forms of debt.Bitcoin 2022 hosted a panel at the Enterprise Stage on the use of bitcoin as collateral for mortgages and other debt-based instruments. The panel kicked off with moderator George Mekhail introducing the panelists: Edward Rodriguez, the co- founder...

Mar 19 2022

Binance Shuts Down Ontario Users From Its Platform – Will It Restrict Other Canadian Provinces?

Mar 19 2022 Published at Bitcoinist.com under tags  binance crypto news ontario securities

Binance has bid Ontario adios. The dispute between cryptocurrency exchange Binance and Ontario's financial regulator has concluded, with the company formally agreeing to cease operations in the Canadian province. The conflict between Binance, the world's largest cryptocurrency exchange (by trading volume), and the Ontario Securities Commission began in June 2021, when the exchange announced its intention to withdraw from the province...

Mar 05 2022

Bitfinex Securities Expands Global Presence, Launches New Product in Kazakhstan

A provider of blockchain-based investment products, Bitfinex Securities recently announced that it has expanded its presence in the global crypto ecosystem through the launch of trading on Blockstr...

Mar 03 2022

SEC Smells Something Fishy About The NFT Market And Is Launching A Probe, Sources Say

Mar 03 2022 Published at Bitcoinist.com under tags  crypto crypto news gensler nft sec

In recent months, US Securities and Exchange Commission legal counsels have issued summons to the NFT market creators and other crypto exchanges, seeking additional information about their projects. The SEC, led by crypto doubter, Chairman Gary Gensler, is reportedly moving to investigate whether NFT developers and marketplaces are breaching securities rules, numerous news outlets disclosed on Thursday. According to reports, the regulator's main...

Feb 23 2022

SEC Will Lose Lawsuit Against Ripple, Former SEC Official Predicts

Feb 23 2022 Published at Bitcoinist.com under tags  crypto crypto news legislation ripple sec

In December 2020, the US Securities and Exchange Commission filed a lawsuit against Ripple and its chief executives, Brad Garlinghouse and Chris Larsen. According to the SEC, Ripple traded $1.3 billion in their cryptocurrency XRP as a security without notifying the commission. Ripple and other parties have now rebutted the watchdog's judgment with claims of bias. Several significant court actions have occurred over...

Feb 12 2022

“U.S. Is Working On Crypto Regulations”- SEC Chief Gary Gensler

SEC Chief Gary Gensler today said that the securities regulator is working together with the Commodity Futures Trading Commission (CFTC) over crypto guidelines. What's more, he also said that to ensure investor...

Jan 10 2022

SEC Chair Gary Gensler Clarifies Crypto Token Raising Funds as Securities and says they should Register

Gary Gensler, chairman of the US Securities and Exchange Commission (SEC) has said that the crypto industry still needs to come under securities laws in 2022. He stated that the facts and circumstances in the crypto market...

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